Saudi Arabia’s Crown Prince Mohammed bin Salman has launched the primary Saudi electrical automobile model Seer, which is anticipated to be obtainable in 2025, the Kingdom News Agency (SPA) reported on Thursday.
CIR will appeal to overseas direct funding of greater than $150 million and is projected to contribute $8 billion on to the state’s GDP by 2034, the SPA added.
The firm is a three way partnership between Saudi Public Investment Fund (PIF) and Hon Hai Precision Industry Company (Foxconn), the SPA mentioned.
With inputs from TheIndianEXPRESS
